Wednesday , June 23 2021

Swift plans to separate some Iranian banks from the messaging system




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Earlier this week, Swift said he would stop the arrival of some banksIranIn his system "In the interest of the stability and integrity of the global financial system".

Swift did not mention US sanctions as a reason for her decision, which probably reflects the fact that she is caught between contradictory legal requirements.

He said the French-German business conference in Paris, said Lebrant early next week "We will split several banksIranYeh "added that it was a trade decision and would not affect all banks.

Later, he said that the list of banks would be published at the beginning of the week after informing the banks concerned and refusing to comment on whether the central bank was on the list.

The US government informed Swift that it expects to comply with sanctions and that it may face the sanctions from Washington, if this is not the case.

On the other hand, Swift can not do this in accordance with EU legislation called the Blockade Act, which he could point out to European sanctions if he is in accordance with US law.

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Earlier this week, Swift said he would stop the arrival of some banksIranIn his system "for the interests of the stability and integrity of the global financial system".

Swift did not mention US sanctions as a reason for her decision, which probably reflects the fact that she is caught between contradictory legal requirements.

"We will split a number of banks at the beginning of next week," said the French-German business conference in ParisIran"He added that it was a trade decision and would not affect all banks.

Later, he said that the list of banks would be published at the beginning of the week after informing the banks concerned and refusing to comment on whether the central bank was on the list.

The US government informed Swift that it expects to comply with sanctions and that it may face the sanctions from Washington, if this is not the case.

On the other hand, Swift can not do this in accordance with EU legislation called the Blockade Act, which he could point out to European sanctions if he is in accordance with US law.


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